International

Biden hits Russia with sanctions, shifts troops to Germany

Published

2 years ago

February 25, 2022

Biden hits Russia with sanctions, shifts troops to Germany

President Joe Biden hit back Thursday against Russia’s invation of Ukraine, unleashing robust new sanctions, ordering the deployment of thousands of additional troops to NATO ally Germany and declaring that America would stand up to Russia’s Vladimir Putin.

As for the Russian president, Biden said: “He’s going to test the resolve of the west o see if we stay together. And we will.”

Targeting Russia’s financial system, Biden said, the United States will block assets of large Russian banks, i mpose export controls aimed at the nation’s high-tech needs and sanction its business oligarchs.

The president said the U.S. also will be deploying additional forces to Germany to bolster NATO after the invation of Ukraine, which is not a member of the defense organization. Some 7,000 additional U.S. troops will be sent.

Some U.S. lawmakers — and Ukrainian officials — called on Biden to do more.

“There is more that we can and should do,” said Sen Bob Menendez, D-N.J., the chairman of the Foreign Relations Committee, pointing to the possibility of removing Russian banks from the SWIFT international banking system and sanctioning Putin personally. “Congress and the Biden administration must not shy away from any options.”

Senate Republican leader Mitch McConnell expressed support Thursday for Biden’s latest moves but also urged Biden to apply maximum pressure on Putin. McConnell said the top four congressional leaders in the House and Senate received a classified briefing from the president late Thursday.

“We’re all together at this point and we need to be together about what should be done,” McConnell said. “But I have some advice: Ratchet the sanctions all the way up. Don’t hold any back.”

White House deputy national security adviser Daleep Singh stressed that the Biden administration valued closed coordination with allies and avoiding even the perception of hurting ordinary Russian citizens as they roll out sanctions. He declined to detail a circumstance in which Biden might approve cutting the Russians off from SWIFT or target Putin directly.

“When we consider which sanctions to apply, we’re not cowboys and cowgirls pressing a button to impose costs,” Singh said. “We follow a set of principles. We want the sanctions to be impactful enough to demonstrate our resolve, and to show that we have the capacity to deliver overwhelming costs to Russia.”

Biden declared that Putin, who has referred to the collapse of the Soviet Union as the “greatest geopolitical catastrophe” of the past century, is looking beyond Ukraine.

“He has much larger ambitions,” Biden said. “He wants to, in fact, reestablish the former Soviet Union. That’s what this is about.”

The penalties announced Thursday fall in line with the White House’s insistence that it would hit Russia’s financial system and Putin’s inner circle, while also imposing export controls that would aim to starve Russia’s industries and military of U.S. semiconductors and other high-tech products.

“Putin is the aggressor,” Biden said. “Putin chose this war, and now he and his country will bear the consequences.”

But Biden, for now, held off imposing some of the most severe potential sanctions, including cutting Russia out of the SWIFT payment system, which allows for the transfers of money from bank to bank around the globe.

Biden announced the sanctions at the White House while Ukraine’s government reported mounting casualties inflicted by Russian forces attacking from the east, north and south.

Oil and natural prices have already surged over concerns that Russia — an energy production behemoth — will slow the flow of oil and natural gas to Europe. Biden, however, acknowledged the sanctions are “going to take time” to have their effect on the Russian economy.

Biden added that after Russia’s “brutal assault” against Ukraine it would be a mistake to allow Putin’s actions to go unanswered. He said if they did, “the consequences for America would be much worse.”

“America stands up to bullies, we stand up for freedom,” Biden said. “This is who we are.”

Biden spoke hours after holding a virtual meeting with the leaders of Britain, Canada, France, Italy and Japan. European Commission President Ursula von der Leyen, European Council President Charles Michel and NATO Secretary General Jens Stoltenberg also joined the meeting.

The president also met with his national security team in the White House Situation Room as he looked to flesh out U.S. moves in the rapidly escalating crisis.

The White House said Biden would meet Friday morning with other NATO heads of state “in an extraordinary virtual summit to discuss the security situation in and around Ukraine.”Vice president Kamala Harris will meet virtually with leaders of eastern flank NATO members, including nations like Estonia, Latvia and Lithuania that gained independence when the Soviet Union broke up in 1991.

While Biden described the sanctions as severe, Ukrainian officials urged the U.S. and West to go further.

“We demand the disconnection of Russia from SWIFT, the introduction of a no-fly zone over Ukraine and other effective steps to stop the aggressor,” Ukraine President Volodymyr Zelenskyy said in a tweet.

The Biden administration, however, has shown some reluctance to cut Russia from SWIFT, at least immediately, because of concerns the move could also have enormous ramifications for Europe and other Western economies. Biden, answering questions from reporters, appeared to push a decision on SWIFT to European allies.

“It is always an option but right now that’s not the position that the rest of Europe wishes to take,” Biden said. He also contended that the financial sanctions he announced would be more damaging to Russia.

The Belgium-headquartered system allows for tens of millions of transactions daily among banks, financial exchanges and other institutions. The U.S. notably has previously blocked Iran from the system because of its nuclear program.

Officials in Europe have noted that the loss of SWIFT access by Russia could be a drag on the broader global economy. Russia has also equated a SWIFT ban to a declaration of war. And because the system cements the importance of the U.S. dollar in global finance, outright bans also carry the risk of pushing countries to use alternatives through the Chinese government or blockchain-based technologies.

Brian Frey, a former Justice Department prosecutor during the Trump administration, said while SWIFT is the primary messaging system for financial payments, “there are alternatives to the system” and cutting Russia off would create a “splashback and immediate problems for the international community.”

The sanctions include targeting Russia’s two largest banks, Sberbank and VTB Bank. The U.S. Treasury Department says the sanctions overall “target nearly 80% of all banking assets in Russia and will have a deep and long-lasting effect on the Russian economy and financial system.”

Individuals close to Putin were also targeted in the latest sanctions. They include former chief of staff Sergei Ivanov; Andrey Patrushev, a Putin ally who has held high-ranking positions at the state-owned Gazprom Neft; and former Deputy Prime Minister Igor Sechin, chairman of the management board of the oil company Rosneft.

Treasury also announced sanctions against Belarusian banks, the country’s defense industry and security officials over support for the Russian invation of Ukraine.

Biden said the export control measures he ordered would “impose severe cost on the Russian economy, both immediately and over time.” The measures will restrict Russia access to semiconductors, computers, telecommunications, information security equipment, lasers and sensors.

“We’re going to impair their ability to compete in a high-tech 21st century economy,” Biden said.

Meanwhile, Russia’s second-ranking diplomat in Washington, Minister Counselor Sergey Trepelkov, was expelled in retaliation for the Russian expulsion of the No. 2 U.S. diplomat in Moscow earlier this month, a senior State Department official said Thursday.

The expulsion was unrelated to the invation and is part of a long-running dispute between Washington and Moscow over embassy staffing, the official said.

International

Nigeria/EU trade volume hits €45b

Published

5 days ago

May 10, 2024

Ochuwa Ibrahim

Nigeria/EU trade volume hits €45b

By: Michael Mike

Latest statistics has shown that Nigeria and European Union trade volume has grown to €45 billion.

The statistics showed that this was the case as at September 2023, even as the
United Nations COMTRADE database indicated that Nigeria remains EU largest trade partner, accounting for 20.9% of Nigeria’s global trade.

The EU is made up of 28 European countries, though there are 50 countries considered European.

The Deputy Speaker, House of Representatives, Benjamin Kalu during the celebration of 2024 European Day in Abuja on Thursday night said the value of trade between Nigeria and the EU has increased consistently, demonstrating the
potential for even greater collaboration.

Kalu while disclosing that Nigeria is prepared to provide an encouraging environment for investment, said: “The European Union is one of our most significant trading partners, and our economic ties have grown steadily.

“The value of trade between Nigeria and the EU has increased consistently, demonstrating the potential for even greater collaboration.”

Kalu while quoting the United Nations COMTRADE database, added that “as of September 2023, the EU’s bilateral trade with Nigeria has surpassed €45 billion.

“The EU is Nigeria’s largest trading partner, accounting for 20.9% of Nigeria’s
global trade.”

He assured EU that: “As we look to the future, Nigeria is committed to engendering an environment encouraging investment and trade with our European
partners.

“We recognize the vital role that
European businesses play in our economic development, and we welcome
continued investment in ourindustries, infrastructure, and technology
sectors.”

He equally, commended the cultural exchange between both parties, saying “Europe is a source of rich history, art, and
innovation, while Nigeria is a vibrant hub of diverse cultures and traditions.

“By having cultural exchanges, we build bridges of understanding that
transcend geographical boundaries.

“I am pleased to see that more
European cultural events are being held in Nigeria and that Nigerian
artists, musicians, and scholars are gaining recognition in Europe.

“These exchanges contribute to a more harmonious and interconnected world.”

The Deputy Speaker also commended the EU for it support to the country, especially in the area of education, healthcare,
digital economy, agriculture, security, and governance.

He noted that: “The European Union (EU) is supporting Nigeria’s digital transformation with a €820 million
investment through its Global Gateway initiative.

“This investment includes €160million in grants and €660million in loans.

“The EU is also supporting
Nigeria’s digital future through the AU-EUD4D Hub, a project that helps
African institutions create an enabling environment for a sustainable digital
transformation.

“Further more, the European Union has initiated several projects aimed at
promoting climate-smart agriculture and advancing Nigeria’s green transition.

“The GENESII: Mobility for Plant Genomics Scholars to Accelerate Climate-Smart Adaptation Options and Food Security in Africa II, is designed to foster academic exchange and research in plant
genomics, enhancing Africa’s adaptation to climate change and promoting
food security.

“The Small Hydro Power Development for Agro-industry Use (SHP-DAIN) project promotes the use of small-scale hydro power to boost agro-industrial production.”

He stressed that the EU’s commitment to the Climate-Smart Agriculture for Development Programme “underlines its support for climate-smart, innovative agriculture with an improved agribusiness climate and equitable participation of women and youth.”

He also said: “Beyond these projects,
the EU has also demonstrated its commitment to security and peace in the
Lake Chad region, mobilizing €2.5 billion since 2014 to support stabilization, peace, and security initiatives.

“This extensive support highlights the EU’s dedication to sustainable development and enhancing the quality of life for Nigerians”.

Kalu said: “As the Deputy Speaker of Nigeria’s House of Representatives, I believe in the importance of strengthening our democratic institutions and promoting
good governance.

“Europe has been a valuable partner in this regard, offering support and guidance as we work to uphold the principles of
democracy and the rule of law.”

In her remarks, Head of EU delegation to Nigeria and ECOWAS, Ambassador Samuela Isopi said Nigeria remains a strategic partner to EU.

Isopi said EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas.

She also said EU is targeting critical private and public investment in Nigeria.

Isopi also assured Nigeria of EU support in the efforts at ensuring democratic rules in the West African region.

She noted that: “A year ago, we met to celebrate Europe Day on the eve of the inauguration of the new administration in Nigeria and the start of a new chapter in our partnership. Since then, the joint visit of EU International Partnerships and Energy Commissioners, Jutta Urpilainen and Kadri Simpson, in October last year for the EU-Nigeria Strategic Dialogue, positioned Nigeria as a primary partner for the European Union.

“By now, EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas. This is further amplified by our joint work with EU Member States and EU financial institutions (such as the European Investment Bank) as Team Europe, which combines our strengths across most areas of cooperation.

“In line with the Global Gateway strategy, EU cooperation is now targeting critical public and private investments, thereby providing the necessary instruments to make such investments viable and sustainable. In the health sector, besides continuous support to public actors at federal and state level, our support includes the mobilisation of public and private sectors investors towards increased local manufacturing of vaccines and other health products. “

On the coming Nigeria/EU Business Forum on July 2nd in Abuja, Isopi said it will bear witness to progress made and raise our ambition for the years to come.”

Adding, “As we increasingly focus on investments, our support to migration, governance, peace and security will continue unabated. This support reflects the fundamental values and challenges that bind the EU and Nigeria, such as the rule of law, democratic governance and protection of fundamental rights.

“In that regard, we believe that the position – and empowerment – of women and youth in today’s Nigeria deserves our collective attention. “

On the political front, the envoy said “While working with the National Assembly, Government at Federal and State level, we remain strong advocate and supporters of the need for a vibrant civil society, which provides a unique opportunity to promote change and accountability.

“Since we last met to celebrate Europe day, West Africa has gone through one of the most difficult times in its history.

“The EU continues to stand by Nigeria, by its regional partners and by ECOWAS and remains committed to supporting the region in building a community for the people.”

Nigeria/EU trade volume hits €45b

International

Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

Published

1 week ago

May 5, 2024

Ochuwa Ibrahim

Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

By: Michael Mike

Ambassador of Palestine to Nigeria, Abdullah Shawesh has drawn global attention to emerging humanitarian crisis in war torn Gaza, stating that around 155,000 pregnant women and new mothers are struggling to survive.

He said: “They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.

“Doctors and midwives … are struggling to provide adequate care to newborns.”

Addressing a press conference at the weekend on the situation in Gaza, Shawesh lamented that mass graves continued to be discovered on Gaza Strip, with the war currently leaving an estimated 37 million tons of debris and unexploded ordnance.

He decried that as it stands, the war is projected could take 14 years to clear the unexploded ordnance and rubble.

Shawesh said: “As of May 1, the number of Palestinian martyrs has reached 34,535, with 77,704 wounded, in addition to thousands of others who are still missing under the rubble or subjected to enforced disappearance in Israeli occupation detention centers.”

He alleged that “Palestinian detainees are subjected to harsh measures, receiving minimal sustenance such as a single slice of bread and a small amount of food to merely sustain their lives and prevent death, resulting in substantial weight loss and serious health consequences.”

“Around 155,000 pregnant women and new mothers are struggling to survive. They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.

He noted that: “The Palestinian Minister of Transport, Tariq Zourub, declared that the losses of the transportation sector in the Gaza Strip exceeded 3 billion dollars. The occupation destroyed about 945 km of roads and 55,000 vehicles, which is equivalent to 65% of the road network and 60% of the vehicles licensed in the strip.
Day after day, Israeli crimes in Gaza are revealed, and every day we witness a new chapter of genocidal crimes.”

He added that: “Recently, many mass graves were discovered in the Al-Shifa Medical Complex and the Nasser Medical Complex in the Gaza Strip, which contain hundreds of dead bodies.”

Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

International

Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

Published

1 month ago

April 7, 2024

Ochuwa Ibrahim

Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

By: Michael Mike

Rwanda has warned of the dangers of allowing hatred and disunity to fester, insisting that this could lead to genocide like it witnessed over 30 years ago where a million people were killed in the spate of 100 days.

The Rwandan High Commissioner to Nigeria, Christophe Bazivamo, stated this at the 30th commemoration of the 1994 Genocide against the Tutsi in Abuja.

The commemoration is observed under the multi-year theme, “Remember – Unite – Renew”.

Bazivamo stated that the path to lasting peace demands constant vigilance, adding that “As we renew, we restate our unbreakable pledge to fight intolerance, discrimination, ethnic hatred, hate speeches, genocide revisionism, and denial in all their forms.

“Unfortunately, this is happening today just beyond Rwanda’s borders in the Great Lakes region. We should never allow the embers of hatred to reignite.”

The High Commissioner further said: stated: “On this Kwibuka 30, together, we can ensure that the memory of the victims becomes a powerful force for good, inspiring future generations to choose peace over hate, unity over division, and hope over despair.

“This can be achieved in different ways including putting course lessons about the 1994 Genocide against the Tutsi in schools and the establishment of memory symbols in remembrance of the 1994 Genocide against the Tutsi to educate the young and the next generation on the need to fight hate ideologies and stand against any form of discrimination and divisionism. Let us work together to build a world where such atrocities never happen again.”

In his remarks, the Minister of Foreign Affairs, Yusuf Tuggar conveyed the condolences of the Nigerian government to the survivors of the genocide.

Tuggar represented by a former ambassador to Sudan, Safiu Olaniyan said: “Genocide should not be allowed to raise its head ever again.”

The Secretary General, United Nations, Antonio Guterres urged the world to stand as one against all forms of hatred and discrimination.

Guterres whose speech was read at the occasion by the UN Resident Coordinator in Nigeria, Mohamed Malick Fall noted that: “To those who would seek to divide us, we must deliver a clear, unequivocal and urgent message: never again.

“We can draw a straight line between the senseless slaughter of one million Tutsi — as well as some Hutu and others who opposed the genocide — and the decades of hate speech that preceded it, enflamed by ethnic tensions and the long shadow of colonialism.

“Today, around the world, the darkest impulses of humanity are being awakened once more by the voices of extremism, division and hate.

“On this solemn day of remembrance, let’s pledge to stand as one against all forms of hatred and discrimination.

In his remarks, a retired Nigerian Navy admiral, Samuel Alade who witnessed the genocide while in Rwanda said, “I commend the tenacity of purpose and the commitment of the Rwandans to make their nation an example of relevance.”

Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide